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BANDHAN BANK Plunges 4%; BSE BANKEX Index Down 0.8%
Wed, 10 Jul 11:4

BANDHAN BANK Plunges 4%; BSE BANKEX Index Down 0.8%Image source: Nikada/www.istockphoto.com

BANDHAN BANK share price has plunged 4% and is presently trading at Rs 192.2.

Meanwhile, the BSE BANKEX index is at 59,794.6 (down 0.8%).

Among the top losers in the BSE BANKEX index today are AU SMALL FINANCE BANK (down 2.1%) and Bank of Baroda (down 1.7%).

Over the last one year, BANDHAN BANK has moved down from Rs 228.6 to Rs 192.2, registering a loss of Rs 36.4 (down 15.9%).

On the other hand, the BSE BANKEX index has moved up from 50,630.8 to 59,794.6, registering a gain of 18.1% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 43.4%), Federal Bank (up 38.9%) and Axis Bank (up 32.4%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,593.3 (down 0.9%).

The top losers among the BSE Sensex today are M&M (down 6.8%) and HCl Tech. (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,212.7 (down 0.9%). M&M and HCl Tech. are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,593.3, registering a gain of 14,249.1 points (up 21.8%).

BANDHAN BANK Financial Update...

BANDHAN BANK net profit fell 93.2% YoY to Rs 546 million for the quarter ended March 2024, compared to a profit of Rs 8,083 million a year ago. Net sales rose 21.6% to Rs 51,893 million during the period as against Rs 42,683 million in January-March 2023.

For the year ended March 2023, BANDHAN BANK reported 1644.6% increase in net profit to Rs 21,946 million compared to net profit of Rs 1,258 million during FY22. Revenue of the company grew 14.7% to Rs 159,047 million during FY23.

The current Price to earnings ratio of BANDHAN BANK, based on rolling 12 month earnings, stands at 13.9.

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